Invesco has rebranded its US Flexible Equity fund to be a thematic offering, as it looks to capitalise on three 'megatrends’ of technological innovation, demographic change and protection of the environment.
The Invesco US Equity Flexible fund will be renamed the Invesco Global Thematic Innovation Equity fund and receive a new investment objective. The portfolio has been repositioned from a flexible allocation to US large cap equities to a diversified global equities strategy focused on innovative themes and companies, Invesco said. The fund will be a Luxembourg-domiciled SICAV and be managed by Frankfurt-based Martin Kolrep and Georg Elsaesser, part of the firm's quantitative strategies (IQS) team. There will be no change to the fee structure of the fund. Invesco's Syms: 'Room for growth...
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